Far Hills, NJ is a picturesque town located in Somerset County. It is known for its beautiful landscapes and scenic views. The cost of rent for two bedroom apartments is $2,710 which is much higher than the national average of $1,430, indicating a higher cost of living in the area. Furthermore, the grocery cost index in Far Hills is 114 versus 100 nationally. Despite this higher cost of living, Far Hills offers many amenities to residents that make it worth considering as a home. The downtown area offers plenty to do with restaurants and stores such as Market Basket and Brio Tuscan Grille. There are also several parks like Bedens Brook Park where people can enjoy outdoor activities. With all these features, Far Hills can be an attractive place to live for individuals looking for a peaceful community with plenty of amenities nearby.
Far Hills has an unemployment rate of 6.3%. The US average is 6.0%.
Far Hills has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 23.7%, which is lower than the US average of 33.5%.
Tax Rates for Far Hills
- The Sales Tax Rate for Far Hills is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Far Hills is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Far Hills
- The average income of a Far Hills resident is $80,677 a year. The US average is $28,555 a year.
- The Median household income of a Far Hills resident is $129,375 a year. The US average is $69,021 a year.